Wednesday, August 14, 2019

In This List of Top Ten Economy of World by GDP (Nominal) 2019 , I am going to Talk about all the Top Ten Major economy and their GDP (Nominal) , GDP Growth and GDP per Capita (Nominal).

1. United State Of America

There is No surprise for No 1 Position in the List of Top Ten Economy of World by GDP (Nominal) 2019. Currently USA the Lone Economy and military Superpower of the world remains the Top Economy of the world for several Decades and now by looking the stability of its economy and growth rate it will remain so for next decade, until China or India Catch Up .Due to the largest economy of the world USA controls decisions of World Bank and IMF .

GDP (Nominal) - $ 21.48 trillion

GDP Growth - 2.1 %

GDP per Capita (Nominal) - $ 64,767 ( 6th in the world)

Currency - Dollar

2. CHINA

China is the 2nd Country in the List of Top Ten Economy of World by GDP (Nominal) 2019. China has registered average of almost 10% growth rate per year from 1989 - 2019 . Its economic development is one of the major case study for the world's Economist .

Despite the trade war between USA and China , China set to remain 2nd largest economy by GDP (Nominal) and likely to take over USA by 2030 for the Top position .

GDP (Nominal) - $ 14.2 trillion

GDP Growth - 6.6%

GDP per Capita (Nominal) - $ 10,153

Currency - Renminbi Yuan

3. JAPAN

The world second largest Developed economy is 3rd in the List of Top Ten Economy of World by GDP (Nominal) 2019 . Once Hit by Nuclear bomb and became Victim of Natural Disaster many times, this country Japan always hold its own in every front especially in Economy .

GDP (Nominal) - $ 5.18 trillion

GDP Growth rate - 1 %

GDP per Capita (Nominal) - $ 41,021 ( 24th in the world)

Currency - Japanese Yen

4. GERMANY

The Largest Economy in Europe ," Germany " is 4th in the List of Top Ten Economy of World by GDP (Nominal) 2019 . It has one of the highly developed Social Market Economy .Currently its Growth rate is in Negative but it will bounce back soon .

GDP (Nominal) - $ 4 trillion

GDP Growth - (-1.5 %)

GDP per Capita (Nominal) - $ 48,264 ( 16th in the world )

Currency - EURO

5. INDIA

The fastest growing Economy in the World "INDIA" is 5th in the List of Top Ten Economy of World by GDP (Nominal) 2019. The Economy of this Country Mostly depend on agriculture , Where Consumer is its own population which is 2nd largest in the World . According to World Bank In 2018 INDIA slips from 5th position to 7th position due to fall of its Currency But due to high growth rate it again became 5th economy in the list of Top Ten Economy of World by GDP (Nominal) 2019.

GDP (Nominal) - $ 2.972 trillion

GDP growth - 6.8%

GDP per Capita(Nominal) - $ 2,199 (142th in the world )

Currency - Indian Rupee

6. UNITED KINGDOM

Once UK was the first country to get Industrialized and dominated global economy for a long long time . But it failed to sustain it in 20th century and Now it will interesting to see How Brexit is going to affect its economy .

GDP (Nominal) - $ 2.829 trillion

GDP Growth - 1.2 %

GDP per Capita (Nominal) - $ 44,177 ( 22nd in the world)

Currency - Pound Sterling

7. FRANCE

The most visited Destination in the world France is 6th in the List of Top Ten Economy of World by GDP (Nominal) 2019. It has 3rd Largest Economy in Europe . It is also one of the most diverse and mixed Economy in the world .

GDP (Nominal) - $ 2.761 trillion

GDP Growth - 1.3 %

GDP Per Capita (Nominal) - $ 42,472 ( 19th in the world)

Currency - Euro

8. ITALY

After 2nd World War Italy has Transformed from an agriculture based economy to mixed economy . It is Now stand at 8th position in the List of Top Ten Economy of World by GDP (Nominal) 2019.

It is also the Fourth largest Economy in Europe .

GDP (Nominal) - $ 2.072 trillion

GDP Growth - 0.9 %

GDP per Capita (Nominal) - $34,260 ( 25th in the world )

Currency - Euro

9. BRAZIL

The Largest Economy of Latin America is at the 9th Position in the List of Top Ten Economy of World by GDP (Nominal) 2019. From 2000 to 2012 Brazil was one of the fastest growing economy in the world with average growth rate of 5 % . But after 2014 recession , Its Economy Slips from 6th to 9th Position. Now it started to recover from positive Growth.

GDP (Nominal) - $ 1.868 trillion

GDP Growth - 1.5%

GDP per Capita (Nominal) - $ 8,967

Currency - Brazilian Real

10. CANADA

The 10th Nation in the List of Top Ten Economy of World by GDP (Nominal) 2019 is CANADA. Its economy is Dominated by Service Industry . Its economy is mixture of Both Public sector and Private Sector . The Economy of Canada has Close integration with Economy of USA .